Washington, DC – Early this morning, Penn Traffic filed a motion in federal bankruptcy court to approve a sale of the company’s assets to Tops Markets. The motion is subject to court approval and any higher and better offers. The following is a joint statement of the United Food and Commercial Workers International Union, UFCW Local 1, UFCW Local 23, and UFCW Local 1776, which collectively represent approximately 4,800 Penn Traffic employees:
“”Today represents a significant milestone in the renewal of a company with deep roots in New York and Pennsylvania. Consumers, political leaders, and grocery workers came together to produce an agreement that will benefit the entire community. The proposed sale would preserve thousands of good jobs and keep open dozens of stores in our neighborhoods. UFCW members have a long-standing relationship with Tops Market, and we look forward to serving as partners in this chapter of the company’s growth.””